Mark Wilson/Getty ImagesFourteen state financial officers sent a letter to JPMorgan Chase’s CEO demanding the company stop engaging in what appears to be “politically motivated” de-banking around certain industries, individuals, and groups.
The state financial officers acknowledged in the letter that the bank remains a member of the Net-Zero Banking Alliance , which is a group of banks that This is not the first time Chase has engaged in questionable incidents of de-banking. In 2021, WePay, a subsidiary of Chase, denied ticket payment processing services for a mainstream republican event hosted by the non-profit, Defense of Liberty. As justification, WePay cited a policy that barred payment processing services in connection with “hate . . . racial intolerance . . . or items or activities that encourage, promote, facilitate, or instruct others regarding the same.
The state financial officers stated that they are “concerned” about the company’s recent pattern of “apparent politically motivated de-banking,” which they believe is a breach of the bank’s fiduciary duty due to it “sacrificing profitable investment opportunities for political reasons.”
China-style.
Here's looking at you, kid.
babs4america Should be illegal if they're engaged in the public market.
Diamond is at it again.
GoldmanSachs is also involved with politically motivated practices.
They are laughing at you. Once they get rid of all the regional banks and credit unions the big four banks are going to toss your salad. Get ready america. The time to act like the French or Israeli’s is over.
Before I even read the article, I'm going to bet that Wyoming isn't on the list of pushing back against the banks
Bullshit!
Good
What would happen if a bank run by Christians started de banking Jewish organizations?
What is Chase Bank's relationship to JPMorgan, and who are the individuals that it has been targeting for 'de-banking'? Appearances aside, these individuals may actually be apolitical.
I wonder what our TN Governor GovBillLee is doing to protect Tennesseans from the banking cartel. Not much because he can’t wait to bring in the CCP CBDC and throw his constituents under the bus.
FINALLY !
I wonder what these states have in common? Oh, they’re deep red states trusting to avoid scrutiny of the fraudulent front organisations through which they fund election campaigns!
We dumped Chase more than a year ago for the same reason!
Does not come as a surprise at all most corporate banks are part of the socialist regime
Jamie Diamond is the true Wolf of Banks 🏦
Why are Chase Banks going up at an alarming rate?
HIS DIGITAL TAKEOVER. CALL CONGRESS
I’ve told my kids to use neighborhood banks . Chase are a bunch of crooks who discriminate against religious.
STOP FUNDING JAIME DIMON'S EGREGIOUS 42 MILLION DOLLAR SALARY BASED ON USURIOUS CREDIT CARD LENDING RATES.
So you want greater government control of the banks? So you're small government only when it fits your ideology.
From the looks of it they want to debank the entire country by being the lender of last resort to other banks
Is de-banking an offshoot of ESG?
how about the oil industry backing the REICH wing Federalist society and the heritage foundation, did you write about that
Stop banking with Chase. Break big banks up!!!!
This man is the smartest man in the room listening to him
Go after that liberal whack.
👀
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